Amplify Snack Brands Inc. (NYSE:BETR) EVP Jason Shiver sold 20,000 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $16.04, for a total value of $320,800.00. Following the sale, the executive vice president now directly owns 1,211,456 shares in the company, valued at $19,431,754.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Amplify Snack Brands Inc. (NYSE:BETR) opened at 15.99 on Tuesday. Amplify Snack Brands Inc. has a 1-year low of $9.15 and a 1-year high of $17.53. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 66.35 and a beta of 2.59. The stock’s 50 day moving average is $16.26 and its 200 day moving average is $14.68.

Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings data on Monday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business earned $59.90 million during the quarter, compared to analysts’ expectations of $47.40 million. Amplify Snack Brands had a net margin of 9.00% and a return on equity of 233.97%. Amplify Snack Brands’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities analysts forecast that Amplify Snack Brands Inc. will post $0.61 EPS for the current year.

Insider Buying and Selling by Quarter for Amplify Snack Brands (NYSE:BETR)

Several large investors have recently added to or reduced their stakes in BETR. BlackRock Inc. boosted its stake in shares of Amplify Snack Brands by 332.7% in the second quarter. BlackRock Inc. now owns 7,603 shares of the company’s stock worth $112,000 after buying an additional 5,846 shares during the period. Royal Bank of Canada boosted its stake in shares of Amplify Snack Brands by 863,500.0% in the first quarter. Royal Bank of Canada now owns 8,636 shares of the company’s stock worth $124,000 after buying an additional 8,635 shares during the period. Legal & General Group Plc bought a new stake in shares of Amplify Snack Brands during the second quarter worth $127,000. Sei Investments Co. boosted its stake in shares of Amplify Snack Brands by 13.9% in the second quarter. Sei Investments Co. now owns 8,931 shares of the company’s stock worth $132,000 after buying an additional 1,089 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Amplify Snack Brands during the first quarter worth $156,000. 90.99% of the stock is owned by institutional investors and hedge funds.

BETR has been the topic of several analyst reports. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $18.00 price target on shares of Amplify Snack Brands in a research report on Saturday, July 2nd. Oppenheimer Holdings Inc. increased their price target on Amplify Snack Brands from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Finally, DA Davidson increased their price target on Amplify Snack Brands from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Amplify Snack Brands has an average rating of “Buy” and an average price target of $17.67.

Amplify Snack Brands Company Profile

Amplify Snack Brands, Inc is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand.

5 Day Chart for NYSE:BETR

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